Mortgagenomics Canada

Mortgagenomics Canada

Synopsis

A podcast hosted by mortgage broker, Marko Gelo. Born and raised in Calgary, then moved to Vancouver in 2011. Owner of dually licensed mortgage brokerage, Home Financing Solutions Inc. (a franchise of The Mortgage Centre). Mortgagenomics focuses on economics, real estate and feature segments on mortgage qualification strategies and policies.

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Episodes

  • Marijuana, Real Estate amp Mortgages
    Marijuana, Real Estate & Mortgages
    Duration: 40min | 08/11/2019

    Key points:what does "remediated grow op" mean?how do you know if you are buying a property that was once a marijuana grow op?will banks approve your mortgage if your property was previously a grow op?growing marijuana is legal, does that mean your tenant can do so?home insurance and legalized marijuana legislation...what to be aware ofand much more..Contact John Darel (Realtor, Maxwell Canyon Creek Realty): 403-861-2733 cell, jdarel@johndarelrealty.caMarko Gelo Garage Band Sessions: (produced and performed my Marko)"and now for the guest of the show" (guitar tracks and vocals by Marko Gelo, the rest of the tracks are Apple Garage Band loops)"fight the day"...an original song by Sleeping Lorry (a band Marko played in back in the early 90's); vocals & rhythm guitar by J. Vulic, background vocals and lead guitar by M. Gelo, Bass Guitar by D. Kulas, Drums by R. Vulic)Contact Marko, he's a Mortgage Broker:604-800-9593 direct Vancouver403-606-3751 direct Calgarymarkogelo.comFacebook@markogelo&nb

  • ElectionPromises, DownPayment Verification amp NewMusic
    ElectionPromises, DownPayment Verification & NewMusic
    Duration: 24min | 18/10/2019

    Key points:which party's housing affordability appeals to you most?verifying the source of your down payment - what do the banks expect?what if Bank of Mom & Dad contribute towards my down payment?how long must you have ownership of your down payment proceeds before you move in?money can be transferred into Canada from around the world (for mortgage down payment purposes) EXCEPT three countriesMarko Gelo Garage Band Sessions: (produced and performed my Marko)the opening track features a piece called "TheThingAboutMoney" (acoustic and electric guitars, 5 piece acoustic drum kit, Latino Percussion, HandClapping, Chanting, Fender Precision Bass, vocals). Laid down three vocal tracks for the chanting, another three for the main vocals (2 tracks harmonizing and the third was a low bass note sustained on the last lyric of every verse). Wanted to add synthesizer for some ambience, but the guitars were recorded out of tune...just kept it all guitar as a result.Contact Marko, he's a Mortgage Broker:604-800-95

  • First Time Home Buyer Incentive Program (FTHBI) - do you qualify?
    First Time Home Buyer Incentive Program (FTHBI) - do you qualify?
    Duration: 14min | 17/09/2019

    A short talk about the newly launched First Time Home Buyer Incentive program in Canada.Key points:how does it work?how do you qualify?where do you apply?Canada only programFor more details about FTHBI: https://www.placetocallhome.ca/fthbi/first-time-homebuyer-incentiveMarko Gelo Garage Band Sessions: (produced and performed my Marko)the opening track features a piece called "KryptoKurrency" (acoustic and electric guitars, intro drum machine, 5 piece acoustic drum kit, hammond organ, vocals). Inspired by Deep Purple, one of my favourite bands.Episode Cover Photo by Tia Gelo.Contact Marko, he's a Mortgage Broker:604-800-9593 direct Vancouver403-606-3751 direct Calgarymarkogelo.comFacebook@markogelo (Twitter)MarkoMusic (SoundCloud Account)...all podcast music tracks are performed and produced by MarkoClick Here to download Marko's Mortgage App (information, rates, calculators, etc)

  • Calgary Real Estate - Affordable amp Opportunistic
    Calgary Real Estate - Affordable & Opportunistic
    Duration: 39min | 08/08/2019

    Key points:summary of economic and political factors that surround Calgarylife after the provincial election (April 2019)impact of reduced big oil/gas private investmentnew legislation/bills directed at reviving the economyCalgary inventory stats...19% decrease in listings (year over year)Active buyers on the rise (buyers market)Popular Mortgage Product/Strategy in Calgary: the Purchase+Improvement Mortgagewhat can $500,000 buy you in Calgary?MarkoMusic tracks: (produced and performed my Marko)the opening track features a piece called "BagOfCash" (acoustic guitars, 3-part progressive harmony, distorted electric guitars - simple melody runs, no bass guitar, heavy floor and bass drums, wind pipe organ, electric piano). Kinda has a Tragically Hip feel at the beginning, then it turns into a big shakedown of wildly blended arrangements. My longest track so far...2 minutes 58 seconds.the closing track is from a past episode (Episode 15)...song is called, "TheQualifier" (piano intro and SonicYouth kind of endin

  • Proving Your Income...for mortgage purposes
    Proving Your Income...for mortgage purposes
    Duration: 17min | 24/05/2019

    Key points:3 main points lenders zone in on when adjudicating your income for a mortgage:Is your income taxed at source?Is your employment & Income guaranteed?Employment TenureMarkoMusic tracks: (produced and performed my Marko)the opening track features a piece called "BrokenRingFinger" (distorted guitars with Phaser effects, 4-part progressive harmony, upright studio bass, synthesizer effects, keyboard)the closing track is from a past episode (Episode 4, Squamish Real Estate)...song is called, "EconomiesOfScale" (clean guitars, Mr.Rogers kind of feel with rare vocals from Marko...2 part harmony)Contact Marko, he's a Mortgage Broker:604-800-9593 direct Vancouver403-606-3751 direct Calgarymarkogelo.comFacebook@markogelo (Twitter)MarkoMusic (SoundCloud Account)...all podcast music tracks are performed and produced by MarkoClick Here to download Marko's Mortgage App (information, rates, calculators, etc)

  • Some mortgages lock U up, even at maturity - does yours?
    Some mortgages lock U up, even at maturity - does yours?
    Duration: 22min | 19/04/2019

    When it comes to mortgages, there are two charges that a bank can apply to your land title. This episode explains the key differences between a standard and collateral charge mortgage.Key points:standard charge mortgages are the most common chargescollateral charges are re-advancable and non-transferrablebe cautious about taking the path of least resistance when it comes time to renew your mortgage. It may be a little more work, but be sure to explore ALL of your options (with a Mortgage Broker!)MarkoMusic tracks: (produced and performed my Marko)the opening track features a piece called "Collateralization" (distorted harmonizing guitars with a slow punk drum groove in a 1-4-5 chord progression)the closing track is a song from a band that Marko played in (1990-99ish), Sleeping Lorry. Song is called, "Go".Sleeping Lorry: Joseph Vulic (guitar-vocals), Marko Gelo (lead guitar-mandolin-back vocals), Darko Kulas (bass guitar), Robert Vulic (drums)Contact Marko, he's a Mortgage Broker:604-800-9593 direct Vanco

  • E17 - The quickest way to pay down your mortgage
    E17 - The quickest way to pay down your mortgage
    Duration: 15min | 30/03/2019

    Lenders have absolutely no motivation or desire to explain how YOU can pay off THEIR mortgages sooner. This episode explains the key methods that you can implement right now and put yourself on a (much) quicker path towards mortgage freedom.The following is discussed in this episode:lump sum payments and the impact they have on your mortgage principleincreasing your mortgage payment, even by $20...does this really make a difference?choosing the most effective payment frequency...whats the difference between monthly payments and bi-weekly payments?Contact Marko, he's a Mortgage Broker:604-800-9593 direct Vancouver403-606-3751 direct Calgarymarkogelo.comFacebook@markogelo (Twitter)MarkoMusic (SoundCloud Account)...all podcast music tracks are performed and produced by MarkoClick Here to download Marko's Mortgage App (information, rates, calculators, etc)

  • E16 - Is your mortgage pre-approval legit?
    E16 - Is your mortgage pre-approval legit?
    Duration: 12min | 05/03/2019

    There are a lot of illegitimate (crappy) mortgage pre-approvals out there...make sure yours isn't one of them.The following is discussed in this episode:the client interview (application process to qualify for a mortgage pre-approval)signs of a illegitimate mortgage pre-approvalhow to avoid getting a illegitimate pre-approvalwhat should your mortgage pre-approval includethe key points/items of a legitimate mortgage pre-approvalContact Marko, he's a Mortgage Broker:604-800-9593 direct Vancouver403-606-3751 direct Calgarymarkogelo.comFacebook@markogelo (Twitter)MarkoMusic (SoundCloud Account)...all podcast music tracks are performed and produced by MarkoClick Here to download Marko's Mortgage App (information, rates, calculators, etc)

  • E15 - My offer got accepted...now what?!
    E15 - My offer got accepted...now what?!
    Duration: 17min | 23/02/2019

    Discussion on the sequence of (critical) events leading up to the subjects removal date of your real estate contract.

  • Mortgages and Rebates for First Time amp Repeat Home Buyers
    Mortgages and Rebates for First Time & Repeat Home Buyers
    Duration: 24min | 08/02/2019

    The following is discussed:Mortgage Programs for 1st time and repeat home buyers:Minimum Down PaymentPurchase Plus Improvement Mortgage (apply for a renovation supplement to your mortgage the day you make an offer on a home)Self Employed Applicants...are they treated differently?New To Canada: mortgages for new Canadian Citizens, Permanent Residents, or Non-Permanent ResidentsNon-Mortgage Programs for 1st time and repeat home buyers:GST rebatestax free RRSP withdrawal rulesGST rebatesProperty Transfer Tax rebates and exemptions**The feature song for this episode is "Insanity" (Produced/Performed by Marko Gelo)**For past episode music tracks, visit MarkoMusic (SoundCloud)**For immediate Mortgage Advice text Marko at 604-800-9593 BC, or 403-606-3751 AB

  • E13 - Cause amp Effect of Canadian Mortgage Qualification
    E13 - Cause & Effect of Canadian Mortgage Qualification
    Duration: 20min | 25/01/2019

    Risk factors that influence mortgage qualification guidelines

  • E12 - Who gets the best mortgage rates...and why?
    E12 - Who get's the best mortgage rates...and why?
    Duration: 15min | 08/07/2018

    INTRO: What really goes on when you pick up the phone, go online, or walk inside a bank and ask, "what's your best 5 year rate?" (or any other rate for that matter). If you haven't noticed by now, the answer to that question from your mortgage broker or banker has gotten very confusing and at times either misleading or simply mistakenly quoted. To be fair, there are many brokers and bankers who deliver the message correctly on their first go...but probably not without several disclaimers and underlying conditions. Now why is this? Why can't the answer be easy? How and why, could their possibly be 4 different quotes for the same 5 year fixed rate product WITH THE SAME LENDER? Why does the rate shopper have to provide several personal details so the broker or banker can determine the precise interest rate? The answer is simple, kinda. Todays lending environment and Canada's complex real estate market diversity from coast to coast has become a complicated web of risk manag

  • E11 - Land title restrictions...that you may not be aware of
    E11 - Land title restrictions...that you may not be aware of
    Duration: 21min | 04/06/2018

    Podcast Notes:Interview with Tony SpagnuoloSpagnuolo and Company: BCs (and probably Western Canada’s) largest residential real estate and conveyancing law firm.  Established in 1995, offices everywhere.Terra Firma: a service that has spawned from Spagnuolo and Companys’ countless land title experiences over the years.  Terra Firma was formed 2 years ago with the primary intent of providing land title review service to partnering real estate professionals.Terra Firma title review – a service designed primarily for real estate professionals.  Currently over 500 realtors are registered and using the service in the lower mainland (Vancouver).A title review is a key part of the due diligence process in the sales transaction of real estate.  Often times, buyers are unaware of detrimental non-financial charges that are discovered on the land title AFTER releasing subject conditions on their real estate purchase.  This is where Terra Firma comes in to play…if you

  • E10 - the science of determining your list price and the art of staging your home
    E10 - the science of determining your list price and the art of staging your home
    Duration: 32min | 22/05/2018

    (May 20, 2018) In this episode we talk with John Darel of Maxwell Canyon Creek Calgary on the various factors involved in determining a homes list price. We also touch on importance of hosting open houses. To end off the segment we discuss home staging strategies and tips with Elysse Bulloch of Simply Stylish Staging.Podcast Notes:SEGMENT 1: Interview with John Darel and Elysse BullochGuest #1: John DarelDETERMINING YOUR LIST PRICE historic property info, current market for comparable properties, sales history, features/conditions of property, sales and listing market, customer motivationgood data analysis = accurate list price, optimum positioning of your propertyproperty tax assessments are not a reliable tool when determining your list priceOPEN HOUSEStiming, presentation and deliveryinstantaneous feedbackmagnet for intel about your property and potential buyersencounter advocates for your property (neighbours, other realtors)the effect of being a tangible commodityGuest #2: E

  • E9 - Vancouver real estate...a perfect storm?
    E9 - Vancouver real estate...a perfect storm?
    Duration: 20min | 12/05/2018

    Click Here for complete episode details.

  • E8 - Canadas best kept financing secret
    E8 - Canada's best kept financing secret
    Duration: 12min | 29/04/2018

    A closer look in to applications and features of the Reverse Mortgage strategy. If you or anyone you know are over the age of 55, you should listen in. Click here for complete podcast transcripts.

  • E7 - Whos buying in North Vancouver?
    E7 - Who's buying in North Vancouver?
    Duration: 38min | 15/04/2018

    Lisa Gordon of Macdonald Realty (in North Vancouver) discusses the real estate news and trends in North Vancouver. In Mortgage Minute, Marko talks about the key points on how to prepare yourself for a mortgage if you're self employed. For complete episode details, visit the episode blog.(Opening/Closing Music Track: "the cut", performed and produced by Marko Gelo)

  • E6 - Calgary Real Estate spring market + Mortgage Minute
    E6 - Calgary Real Estate spring market + Mortgage Minute
    Duration: 19min | 24/03/2018

    New announcement from Nenshi and Calgary real estate outlook(March 22, 2018) Calgary council speeds up the process to get rental suite permits approved. Probably a good thing in the long run, but in the current state of things...pfft, whatever (rental vacancy currently at ~6.7% and still way too many unsold and soon to be converted rental condos).Spring has arrived, is Calgary's market good to go? John Darel of Maxwell Canyon Creek Realty talks about the challenges and opportunities of Calgary's real estate environment. Particular focus on the $600,000 to $1M price band and how to overcome selling barriers when listing. John also provides some insight on strategically pricing your property in a challenging market. And finally, his top listing pick for the city of Calgary.Mortgage Minute: a short tutorial on mortgage pre-payment options (direct payments towards your mortgage principle without any penalty or fees). How much can one over contribute towards their mortgage principle b

  • E5 - White Rock, South Surrey Real Estate Vibe and Mortgage Minutes
    E5 - White Rock, South Surrey Real Estate Vibe and Mortgage Minutes
    Duration: 15min | 18/03/2018

    This episode of Mortgagenomics turns the spotlight on White Rock and South Surrey real estate. Ped Naimi of Vantage Real Estate provides insight on the current market and his thoughts on how it will evolve in years to come. On the mortgage front, Mortgage Minutes explains the down payment criteria when qualifying for a mortgage.For complete episode details: https://www.homefinancingsolutions.ca/blog/

  • E4 - Squamish Real Estate and Posted Mortgage Rates
    E4 - Squamish Real Estate and Posted Mortgage Rates
    Duration: 17min | 13/03/2018

    An in depth conversation with Meghan Zuvelek of Remax Sea to Sky Real Estate in Squamish, BC (https://movetosquamish.ca/). Is this place an alternative to Vancouverites seeking affordability? Listen in and discover what Squamish has in store for future development. Also, this episode unravels the wrath of the dreaded posted mortgage rate...besides the higher interest rate, what are the other serious implications of it. Find out in The Mortgage Minute.

  • E3-CalgaryMarket-TrappedEquity
    E3-CalgaryMarket-TrappedEquity
    Duration: 15min | 23/02/2018

    + Calgary real estate market update with John Darel (Realtor, Maxwell Canyon Creek Calgary)...buyer, seller or balanced market? + Mortgage Minute...explanation and example of bridge financing Intro Music Track: Cheap Money (Artist: MG) Outro Music Track: DJ Super Agent (Artist: Sleeping Lorry)

  • E2-policy, real estate, NIMBYISM, and mortgages
    E2-policy, real estate, NIMBYISM, and mortgages
    Duration: 22min | 17/02/2018

    Hosted by Marko Gelo: +2008...the year mortgage rules really started to change +is Vancouver going to be unaffordable, forever? +how much did real estate appreciate in Calgary from 2011 to 2018? We'll discuss a real life case study +the two biggest mortgage qualification killers +how/when to remove a co-signor from your mortgage **and some indy music from host, Marko Gelo

  • E1-Are Calgary millennials giving up on home ownership?
    E1-Are Calgary millennials giving up on home ownership?
    Duration: 22min | 01/02/2018

    Discussion about a recent CBC news article that supports an argument for renting a property rather than purchasing one (even though you can afford to). Three young Calgarians are featured in the article explaining their thoughts on their decision in Calgary's real estate market. John Darel (realtor with Maxwell Realty - Canyon Creek) also chimes in with his thoughts. Also, with all the recent mortgage changes...there's been little talk about the impact on qualifying for investment rental mortgages. If would-be buyers get squeezed out of the market, then perhaps this might open the door for some to consider purchasing a rental investment property in anticipation of affluent tenants.

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